Disclose Political Spending: Aguilar

SEC commissioner says agency should make companies report political contributions.

The U.S. Securities and Exchange Commission should require companies to disclose their spending on political campaigns, said SEC Commissioner Luis Aguilar.

“Investors are not receiving adequate disclosure, and as the investor’s advocate, the Commission should act swiftly to rectify the situation,” said Aguilar, a Democrat on the five-member commission, in remarks prepared for a Washington securities-law conference today. “Withholding information from shareholders is a fundamental deprivation that undermines the securities regulatory framework.”

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